UNITED STATES CELLULAR CORP AD
COM · Common Stock · CUSIP 911684108
American telecommunications company
- SectorCommunication
- IndustryRadiotelephone Communications
- HeadquartersChicago, IL
- Founded1983
- Websiteuscellular.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($44.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.35. Options: 7 managers hold calls ($8.0m notional), 7 hold puts ($7.0m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 136 |
| Q4 2022 | 109 |
| Q1 2023 | 127 |
| Q2 2023 | 104 |
| Q3 2023 | 124 |
| Q4 2023 | 139 |
| Q1 2024 | 119 |
| Q2 2024 | 145 |
| Q3 2024 | 134 |
| Q4 2024 | 136 |
| Q1 2025 | 159 |
| Q2 2025 | 138 |
| Q3 2025 | 148 |
| Q4 2025 | 146 |
| Q1 2026 | 148 |
| Q2 2026 | 138 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 51 | 67 |
| Q4 2024 | 62 | 55 |
| Q1 2025 | 75 | 55 |
| Q2 2025 | 75 | 72 |
| Q3 2025 | 79 | 71 |
| Q4 2025 | 81 | 66 |
| Q1 2026 | 75 | 66 |
| Q2 2026 | 65 | 77 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $12.9m | $18.2m | 1.42 |
| Q4 2025 | $10.9m | $5.8m | 0.54 |
| Q1 2026 | $8.3m | $4.7m | 0.56 |
| Q2 2026 | $8.0m | $7.0m | 0.88 |
Biggest buyers
| HAWK RIDGE CAPITAL MANAGEMENT LP | New | +1.8m |
| Madison Avenue Partners, LP | New | +1.1m |
| GOLDMAN SACHS GROUP INC | Added | +375.2k |
| AMERICAN CENTURY COMPANIES INC | Added | +159.4k |
| Slotnik Capital, LLC | New | +125.3k |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC | Added | +92.4k |
| Polar Asset Management Partners Inc. | New | +86.8k |
| FMR LLC | Added | +76.0k |
| STATE OF WISCONSIN INVESTMENT BOARD | New | +63.1k |
| VIKING FUND MANAGEMENT LLC | New | +62.8k |
Biggest sellers
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Reduced | -2.1m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.8m |
| Newtyn Management, LLC | Reduced | -1.0m |
| Potrero Capital Research LLC | Sold out | -160.4k |
| DigitalBridge Group, Inc. | Reduced | -73.0k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -70.3k |
| ExodusPoint Capital Management, LP | Sold out | -41.0k |
| JPMORGAN CHASE & CO | Reduced | -36.2k |
| Verition Fund Management LLC | Sold out | -34.1k |
| LOOMIS SAYLES & CO L P | Reduced | -33.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.6m100.0k shares |
| Caption Management, LLC | New | $2.5m70.0k shares |
| CITADEL ADVISORS LLC | Added | $837.6k23.1k shares |
| JANE STREET GROUP, LLC | Reduced | $467.8k12.9k shares |
| IMC-Chicago, LLC | New | $420.6k11.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $68.9k1.9k shares |
| GROUP ONE TRADING LLC | Added | $36.3k1.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.6m72.6k shares |
| Caption Management, LLC | New | $2.5m70.0k shares |
| TUDOR INVESTMENT CORP ET AL | Unchanged | $906.5k25.0k shares |
| CITADEL ADVISORS LLC | New | $460.5k12.7k shares |
| IMC-Chicago, LLC | New | $366.2k10.1k shares |
| SIMPLEX TRADING, LLC | Unchanged | $68.9k1.9k shares |
| GROUP ONE TRADING LLC | Unchanged | $50.8k1.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
TELEPHONE & DATA SYSTEMS INC /DE/
13D · may seek influence
no change · filed 2026-09-02
Stated purposeThis Item 4 is being updated by the following information. On September 1, 2026, TDS issued a press release (the "Press Release") announcing that it is no longer pursuing the acquisition of the Array Common Shares that it does not already own and has withdrawn its previously disclosed proposal. Under the terms of that proposal, each Array Common Share not already owned by TDS would have been exchanged for 0.86 of a TDS Common Share, subject to the assumptions set forth in the proposal. TDS will retain its approximately 82% ownership interest in Array. A copy of the Press Release is filed herewith as Exhibit 2. TDS may in the future recommence its efforts to acquire the Array Common Shares it does not own or pursue other potential transactions involving TDS and Array and may, from time to … Full filing |
81.9% |
| HAWK RIDGE CAPITAL MANAGEMENT LP 13G · passive investor new · filed 2026-09-23 | 5.1% |
Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (1.4%, 2026-08-03)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 2 | $7.2m | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $260.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-11 | HARCZAK HARRY J JR Director | Sold | $260.9k6.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.3m $82.3m | Reduced -30.4k |
| HAWK RIDGE CAPITAL MANAGEMENT LP 2.11% of their portfolio | 1.8m $65.9m | New |
| Jericho Capital Asset Management L.P. 0.54% of their portfolio | 1.8m $65.8m | Unchanged |
| Madison Avenue Partners, LP 1.73% of their portfolio | 1.1m $40.2m | New |
| GAMCO INVESTORS, INC. ET AL 0.27% of their portfolio | 825.3k $29.9m | Reduced -19.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 766.1k $27.8m | Added +159.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 740.6k $26.9m | Reduced -1.8m |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 707.4k $25.7m | Reduced -33.0k |
| OAKTREE CAPITAL MANAGEMENT LP 0.48% of their portfolio | 696.9k $25.3m | Reduced -27.6k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 695.4k $25.2m | Added +13.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 657.5k $23.8m | Reduced -9.8k |
| Newtyn Management, LLC 2.70% of their portfolio | 597.1k $21.7m | Reduced -1.0m |
| GABELLI FUNDS LLC 0.13% of their portfolio | 545.1k $19.8m | Added +3.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 473.1k $17.2m | Added +375.2k |
| BlackRock, Inc. 0.00% of their portfolio | 400.9k $14.5m | Added +29.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 376.0k $13.6m | Reduced -26.0k |
| STATE STREET CORP 0.00% of their portfolio | 254.4k $9.2m | Added +8.7k |
| Aberdeen Group plc 0.01% of their portfolio | 230.4k $8.4m | Reduced -26.6k |
| Tiptree Advisors, LLC 4.55% of their portfolio | 203.1k $7.4m | Added +50.0k |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.61% of their portfolio | 203.0k $9.0m | Added +92.4k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 201.4k $7.3m | Reduced -18.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 180.8k $6.6m | Reduced -5.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 172.3k $6.2m | Reduced -1.7k |
| FMR LLC 0.00% of their portfolio | 148.7k $5.4m | Added +76.0k |
| Slotnik Capital, LLC 1.26% of their portfolio | 125.3k $4.5m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 121.9k $4.4m | Added +48.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 105.7k $3.8m | Reduced -5.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 100.0k $3.6m | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 91.7k $3.3m | Added +1.8k |
| Polar Asset Management Partners Inc. 0.06% of their portfolio | 86.8k $3.1m | New |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 86.8k $3.1m | Reduced -10.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 69.0k $2.5m | Added +29.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 66.8k $2.4m | Added +49.5k |
| MORGAN STANLEY 0.00% of their portfolio | 63.8k $2.3m | Reduced -5.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 63.1k $2.3m | New |
| VIKING FUND MANAGEMENT LLC 0.20% of their portfolio | 62.8k $2.3m | New |
| Nuveen, LLC 0.00% of their portfolio | 62.0k $2.2m | New |
| TCW GROUP INC 0.01% of their portfolio | 55.0k $2.0m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 42.0k $1.5m | Reduced -1.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 38.7k $1.4m | Added +4.7k |
| Swiss National Bank 0.00% of their portfolio | 32.2k $1.2m | Added +700 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 32.0k $1.2m | Reduced -36.2k |
| Invesco Ltd. 0.00% of their portfolio | 30.9k $1.1m | Reduced -2.8k |
| Engineers Gate Manager LP 0.01% of their portfolio | 29.6k $1.1m | Added +16.9k |
| XTX Topco Ltd 0.01% of their portfolio | 29.5k $1.1m | Added +11.8k |
| UBS Group AG 0.00% of their portfolio | 27.2k $986.0k | Reduced -7.2k |
| SG Americas Securities, LLC 0.00% of their portfolio | 27.1k $983.0k | Added +13.3k |
| Hennion & Walsh Asset Management, Inc. 0.03% of their portfolio | 24.9k $903.6k | Added +3.7k |
| Central Pacific Bank - Trust Division 0.08% of their portfolio | 21.9k $794.1k | Unchanged |
| Waverly Advisors, LLC 0.00% of their portfolio | 21.4k $776.4k | Added +2.0k |
| Marble Bar Asset Management LLP 0.53% of their portfolio | 21.1k $766.1k | New |
| Quantbot Technologies LP 0.03% of their portfolio | 18.8k $680.8k | Added +5.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 18.0k $654.3k | Added +4.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 17.2k $625.4k | Reduced -470 |
| Gotham Asset Management, LLC 0.00% of their portfolio | 16.7k $606.8k | Reduced -4.7k |
| Fieldview Capital Management, LLC 0.17% of their portfolio | 16.3k $590.5k | New |
| DARK FOREST CAPITAL MANAGEMENT LP 0.03% of their portfolio | 14.8k $537.9k | Reduced -4.2k |
| DigitalBridge Group, Inc. 0.03% of their portfolio | 14.6k $529.4k | Reduced -73.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 13.1k $477.0k | Added +1.5k |
| Tidal Investments LLC 0.00% of their portfolio | 12.1k $438.7k | Reduced -2.1k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.00% of their portfolio | 11.3k $411.5k | Reduced -10.0k |
| NAVELLIER & ASSOCIATES INC 0.03% of their portfolio | 11.0k $398.9k | Added +3.2k |
| Welch Group, LLC 0.01% of their portfolio | 11.0k $398.9k | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 10.8k $390.2k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 9.3k $338.9k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 8.4k $304.5k | Unchanged |
| Creative Planning 0.00% of their portfolio | 8.0k $291.7k | Added +1.1k |
| CAXTON ASSOCIATES LLP 0.01% of their portfolio | 7.9k $286.3k | Reduced -7.2k |
| Caption Management, LLC 0.01% of their portfolio | 7.9k $285.4k | New |
| Gem Investment Advisors, LLC 0.17% of their portfolio | 7.4k $269.7k | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 6.6k $239.0k | Added +2.7k |
| Jupiter Topco LLC 0.00% of their portfolio | 6.3k $228.9k | First filing |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 6.1k $222.1k | Unchanged |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 5.9k $213.9k | Unchanged |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 5.7k $206.7k | Reduced -15.8k |
| ANCHYRA PARTNERS LLC 0.05% of their portfolio | 5.6k $202.1k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 5.0k $181.8k | Reduced -930 |
| US BANCORP \DE\ 0.00% of their portfolio | 4.3k $156.8k | Reduced -111 |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 4.3k $154.6k | Added +2.3k |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 4.1k $150.4k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 3.0k $108.0k | Reduced -15.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.5k $56.1k | Added +540 |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1.4k $51.1k | Added +44 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 1.1k $41.2k | Unchanged |
| Fulcrum Asset Management LLP 0.00% of their portfolio | 1.1k $40.1k | New |
| Parallel Advisors, LLC 0.00% of their portfolio | 1.0k $37.2k | Added +760 |
| Brookfield Corp /ON/ 0.00% of their portfolio | 864 $31.3k | Reduced -1.2k |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 798 $28.9k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 627 $23.0k | Added +285 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 589 $21.4k | Added +128 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 562 $20.8k | Reduced -1.7k |
| Global Retirement Partners, LLC 0.00% of their portfolio | 562 $20.4k | First filing |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 480 $17.4k | Added +379 |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 321 $11.6k | Added +303 |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 295 $10.7k | Reduced -5 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 294 $10.7k | Added +262 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 245 $8.9k | Reduced -466 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 228 $8.3k | Reduced -2.1m |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 224 $8.1k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 220 $8.0k | Added +8 |